Suffolk-based AJN Steelstock Ltd, (AJN) the region’s leading privately owned steel stockholder, has reported another record breaking year following a surge in demand for its steel.
For the year ending April 2014, the company, which supplies prime steel to a growing customer base throughout East Anglia, the Home Counties, East Midlands and London, reported increased turnover figures of £44 million (63,000 tons) – an increase of over 21.5 per cent on the previous year’s record turnover of £36 million (50,000 tons).
Demand for the company’s steel has also grown month on month, year on year with steel sales in April 2014 setting another monthly record at over 6,000 tonnes. A year previously, in April 2013, the company reported sales of just over 5,000 tonnes.
AJN operates from an eleven acre site in Kentford, near Newmarket, and primarily serves customers in the construction, agricultural, architectural, food processing and automotive sectors – all areas vital to the UK economy and AJNs Finance Director, Courtney Bell, believes that this upsurge in demand is mainly driven by a strengthening national economy.
“If our core customer base is buying more steel to expand existing facilities or invest in new production centres then that has to be an indicator that business confidence is increasing, which is good news for the economy as a whole” says Courtney, adding:
“However, that isn’t the full story. Customers come to us, not simply to purchase steel, but because of the way we do business. That means being totally responsive to their needs – delivering the steel they want, when and where they want it – and at the right price.”
Increased demand is also reflected in the size of AJNs workforce which has grown from 105 to 133 over the past twelve months.
In addition to its comprehensive range of steel products – the company regularly holds in excess of 15,000 tonnes in stock at any one time – AJN also provides in-house sawing, shot-blast and painting facilities, and a state of the art CNC drilling line from its purpose built Kentford site.